Artificial intelligence solution startup MakinaRocks said Wednesday the company has completed the Series A round, winning a total of 12 billion won ($10 million) worth of funding from large South Korean businesses including LG and Hyundai Motor. MakinaRocks develops and provides solutions that can detect and prevent errors and defects during manufacturing processes based on deep learning and enhanced learning algorithms for companies that operate complex and large-scale manufacturing facilit

LG Electronics’ design-focused Velvet smartphone has become available in the United States, providing US consumers a new 5G device choice, according to the company on Wednesday. The 6.8-inch organic light-emitting diode screen phone with a triple rear camera module in its signature water drop design will retail for $599 via US mobile carrier AT&T first and through T-Mobile and Verizon later this summer. The retail price is viewed as lower than expected compared to 5G phones avail

Discussion and cooperation on future mobility technologies are seemingly picking up speed between South Korea’s two biggest conglomerates, Samsung Electronics and Hyundai Motor Group, raising expectations on tangible business partnerships on development of next-generation vehicles and automotive solutions. The company’s de facto leaders, Lee Jae-yong of Samsung and Chung Euisun of Hyundai Motor, met officially on Tuesday for the second time this year to discuss future mobility tec

Samsung Electronics has hinted it is planning to unveil its second edition of Galaxy Fold at the upcoming Unpacked event in August, according to a short teaser video uploaded on one of its social network channels. On a Twitter account run by Samsung’s UK office, a video clip featured a drop of rose gold paint transforming into a symmetrical shape assumed to be a butterfly. It also displayed the date of the Galaxy Unpacked event that falls on Aug. 5. The butterfly image previously sym

LG Electronics announced Friday that the company’s chief technology officer will join the IFA 2020 press conference as a speaker in September. Although the largest trade show for consumer electronics in Europe is to be held on a smaller scale than in previous years due to the protracted COVID-19 crisis, LG has decided to participate. LG CTO Park Il-pyung is expected to discuss how the South Korean company plans to offer new value to its customers in the era of the new normal, the firm

Samsung Electronics Vice Chairman Lee Jae-yong on Thursday visited Samsung Electro-Mechanics’ manufacturing facility for automotive multilayer ceramic capacitors located in Busan as part of the latest parade of on-site management. It marked the first visit by the Samsung heir since the factory began operation in 2018. Samsung Electro-Mechanics is an affiliate that supplies MLCCs for many of Samsung’s electronic products and camera modules for Galaxy smartphones. MLCC is an ess

Samsung Electronics Vice Chairman Lee Jae-yong and Hyundai Motor Group Executive Vice Chairman Chung Euisun are expected to meet again to hold a second round of discussions on next-generation electric car battery technology, according to news reports Thursday. Lee is likely to visit Hyundai Motor’s research and development institution in Hwaseong, Gyeonggi Province, Tuesday, according to the reports. The visit is being planned in response to Chung’s visit to Samsung SDI’s

Samsung Electronics’ consumer electronics CEO Kim Hyun-suk on Wednesday expressed concerns over trade protectionism in major countries following a downturn in the home appliance market after the COVID-19 pandemic. During a brief meeting with local reporters, the head of Samsung’s consumer electronics said the company will undergo a more difficult situation in the fourth quarter of this year in the aftermath of the pandemic outbreak. “The global economy, consumer sentiment

LG Electronics has launched a global expert group for the purpose of developing insights on new technologies and discovering new business opportunities, the company announced Tuesday. Chaired by LG’s Chief Technology Officer Park Il-pyung, the expert group dubbed as “Innovation Council” will serve as a body that will bring together 12 tech experts around the world and give them chances to discuss new trends and industrial moves. The members include Robust AI CTO Rodney Br

Samsung Electronics on Tuesday announced its vision for the sixth-generation telecommunications network by releasing a white paper supervised by Vice Chairman Lee Jae-yong. The white paper entitled “The Next Hyper-Connected Experience for All,” outlines Samsung’s vision for 6G, covering various aspects related to the next-generation network system, including technical and societal megatrends, new services, requirements, candidate technologies and an expected timeline of sta

Samsung Electro-Mechanics, an electronic parts supplier affiliated with Samsung Electronics, has developed five new types of multi-layer ceramic capacitors for automobiles, expanding its automotive MLCC lineup to further penetrate into the global market, the company said Sunday. MLCC is an essential part for electronics, which controls electric currents to flow at stable levels, supply needed amounts of power for chips, and remove noise inside products. The capacitor, known as the tiniest

LG Electronics said Sunday it has developed an electronic mask using its air purifier technology and donated 2,000 units to the Severance Hospital in Seoul. The company utilized its know-how on air purifying machines to develop the electronic mask. The mask has two H13 HEPA filters that are replaceable and a user can inhale air through the filters. Under the filters, there is a tiny fan that can control the amount of air. The fan is applied with an algorithm that raises the fan speed to le

Samsung Electronics on Wednesday unveiled an ultraviolet sterilizer with wireless charging for mobile gadgets like smartphones as hygiene awareness is growing amid the COVID-19 pandemic. The portable UV sterilizer, manufactured by Samsung C&T, can disinfect smartphones, earbuds and even glasses in 10 minutes, according to the company. It kills up to 99 percent of bacteria and germs, including E. coli, Staphylococcus aureus and Candida albicans, according to tests done by two independen

LG Electronics has supplied its first autonomous driving-based serve bot for Seoul National University Hospital, announcing the robot’s commercialization Wednesday. The LG CLOi serve bot was installed at the outpatient unit of the hospital on Tuesday, which started carrying devices, treatment kits and other necessities for treating patients through the corridors of the hospital building. It features autonomous driving technology that can detect and avoid obstacles. The serve bot is

Samsung Electronics will throw its signature Unpacked show for new Galaxy products online for the first time on Aug. 5, according to the company’s invitation sent to global media and partners on Wednesday. The invitation displayed an image of a bronze-colored crown, which might be the signature color for the upcoming Galaxy Note 20 series. The event will be broadcast live on Samsung’s corporate homepage and its newsroom website. The South Korean tech giant is expected to pres